The stock of Monster Beverage Corp. (NASDAQ:MNST) last traded at $53.54, up 0.17% from the previous session.
MNST stock price is now -5.80% away from the 50-day moving average and -3.95% away from the 200-day moving average. The market capitalization of the company currently stands at $55.72B.
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With the price target reduced from $65 to $46, Truist Downgraded its rating from Buy to Sell for Monster Beverage Corp. (NASDAQ: MNST). On April 25, 2024, JP Morgan Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $66 to quote $59, while ‘Redburn Atlantic’ rates the stock as ‘Buy’
In other news, HALL MARK J, Director sold 659,000 shares of the company’s stock on Mar 04 ’24. The stock was sold for $38,584,450 at an average price of $58.55. Upon completion of the transaction, the Director now directly owns 777,840 shares in the company, valued at $41.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 14 ’23, President of EMEA Carling Guy sold 34,553 shares of the business’s stock. A total of $1,919,419 was realized by selling the stock at an average price of $55.55. A total of 27.33% of the company’s stock is owned by insiders.
During the past 12 months, Monster Beverage Corp. has had a low of $47.13 and a high of $61.22. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 4.81, and a quick ratio of 3.97.
According to the Beverages – Non-Alcoholic Company, earnings per share came in at 0.38, beating analysts’ expectations of 0.34 by 0.04. This compares to $0.28 EPS in the same period last year. The net profit margin was 22.84% and return on equity was 21.38% for MNST. The company reported revenue of $1.73 billion for the quarter, compared to $1.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.35 percent. For the current quarter, analysts expect MNST to generate $1.9B in revenue.
